Yes. FHA 203(k) loans work for owner-occupied properties (house hacking strategy). Conventional HomeStyle loans can be used for investment properties. Both finance the purchase and renovation in a single loan, making them ideal for value-add investment strategies.
FHA 203(k) for Investors
For owner-occupied properties. Finance purchase plus renovation in one loan with 3.5% down.
HomeStyle for Investment
Fannie Mae HomeStyle renovation loans can be used for non-owner-occupied investment properties.
How They Work
Loan amount based on after-renovation value. Renovation funds held in escrow and disbursed as work completes.
Analysis
Calculate after-repair value and ensure renovation costs will increase value more than the cost.
When to Use
Best for properties needing cosmetic or moderate renovation where sweat equity creates instant value.